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NexPoint Real Estate Finance, Inc. - NREF STOCK NEWS

Welcome to our dedicated page for NexPoint Real Estate Finance news (Ticker: NREF), a resource for investors and traders seeking the latest updates and insights on NexPoint Real Estate Finance stock.

NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a publicly traded real estate investment trust (REIT) that specializes in providing structured financing solutions to mid-sized multifamily, storage, and select-service extended-stay hospitality properties. The company's primary objective is to generate attractive, risk-adjusted returns for its stockholders over the long term.

Core Business: NREF focuses on originating, structuring, and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments. Additionally, the company invests in single-family rental (SFR) commercial mortgage-backed securities (CMBS) securitizations, multifamily structured credit risk notes (MSCR Notes), and mortgage-backed securities.

Recent Achievements: In the second quarter of 2023, NREF reported a net income of $9.3 million, or $0.36 per diluted share. The company also reported cash available for distribution of $11.3 million, or $0.49 per diluted share. Despite unstable economic conditions, NREF's credit portfolio has consistently outperformed expectations, maintaining a solid yield profile, especially in the life sciences sector.

Current Projects: NREF has been proactive in leveraging opportunities arising from market dislocations, particularly in the multifamily, single-family rental, life sciences, and self-storage sectors. The company recently launched a continuous public offering of up to 16,000,000 shares of its new 9.0% Series B Cumulative Redeemable Preferred Stock, targeting gross proceeds of $400 million.

Financial Condition: NREF has demonstrated resilience amid challenging market conditions. For the quarter ended September 30, 2023, the company reported a net loss of $15.4 million but maintained a robust cash available for distribution of $10.8 million. This indicates strong operational capabilities and stable portfolio yields.

Partnerships: The company collaborates closely with NexPoint Real Estate Advisors VII, L.P., which acts as its external manager. This partnership helps NREF in sourcing and managing its investments effectively.

To stay updated on NREF's latest developments, financial results, and conference calls, investors can visit the company's official website here.

Rhea-AI Summary

NexPoint Real Estate Finance, Inc. (NYSE: NREF) announced a conference call scheduled for February 17, 2022, at 11:00 a.m. ET, to discuss its fourth quarter and full year 2021 financial results. A press release detailing these results will be published before the market opens on the same day. The call can be accessed via phone or through a live audio webcast on the company's website. A replay will be available after the call and will remain accessible for 60 days.

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NexPoint Real Estate Finance, Inc. (NREF) has successfully closed a public offering of $60 million in 5.75% Senior Unsecured Notes due 2026. The notes were issued at 102.758% of par, yielding 5.036%. This issuance supplements an existing $75 million of similar notes, allowing NREF to leverage its debt instruments. Proceeds will be directed to the operating partnership to pursue investments aligned with its strategy. The offering follows a shelf registration statement that became effective on March 31, 2021.

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NexPoint Real Estate Finance, Inc. (NREF) announced the pricing of a public offering of $60 million in 5.75% Senior Unsecured Notes due 2026. The notes were priced at 102.758% of par, yielding 5.036% to maturity. This offering will close on or about December 20, 2021. The net proceeds from the offering will be allocated to NexPoint's operating partnership for investments aligned with its strategy. Raymond James serves as the book-running manager for the offering, which is conducted under a previously effective shelf registration statement.

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NexPoint Real Estate Finance, Inc. (NREF) announced the launch of an offering for its 5.75% Senior Notes due 2026, expanding upon a previously issued $75 million in notes. The new Additional Notes will be issued under the same indenture and share identical terms with the Initial Notes. Proceeds from this offering will go to the operating partnership for strategic investments. Raymond James is the sole book-running manager for this offering, which follows a shelf registration effective since March 31, 2021. This press release does not serve as an offer or solicitation for the purchase of the notes.

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NexPoint Real Estate Finance, Inc. (NREF) announced a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on January 25, 2022 to stockholders of record on January 14, 2022. NREF primarily focuses on originating, structuring, and investing in various types of loans and securities within commercial real estate. For further details, visit the company's website.

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NexPoint Real Estate Finance (NREF) announced a quarterly dividend of $0.475 per share, payable on December 30, 2021, to stockholders of record by December 15, 2021. This decision reflects the company's ongoing commitment to returning capital to shareholders. NREF operates as a publicly traded REIT focusing on first mortgage loans, mezzanine loans, preferred equity, and common stock in commercial real estate, including multifamily commercial mortgage-backed securities. For more information, visit nref.nexpoint.com.

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NexPoint Real Estate Finance (NREF) reported a significant increase in net income for Q3 2021, reaching $25.2 million, or $1.17 per diluted share, up 118.3% from $11.5 million a year prior. Earnings available for distribution rose to $5.2 million or $0.71 per diluted share, reflecting a 69.0% increase year-over-year. The company’s total portfolio comprises $1.6 billion across 68 investments, with a zero loans in forbearance. NREF's strong performance is attributed to the growth in single-family rentals and multifamily investments, aligning with post-pandemic recovery.

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NexPoint Real Estate Finance, Inc. (NREF) will host a conference call on November 4, 2021, at 11:00 a.m. ET to discuss its third quarter 2021 financial results. Investors can join by dialing 800-437-2398 or for international calls at +1 929-477-0591 with the passcode 1130902. A live audio webcast will be available on the Company's website, with a replay accessible for 60 days following the call. Additional financial results will be presented before market open on the same date.

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NexPoint Real Estate Finance, Inc. (NYSE: NREF) has declared a dividend of $0.53125 per share on its 8.50% Series A Cumulative Redeemable Preferred Stock. This dividend is scheduled for payment on October 25, 2021 to stockholders of record as of October 15, 2021. NREF focuses on originating and investing in various commercial real estate financing options including first mortgage loans and mezzanine loans. The REIT aims to deliver stable income to its shareholders through its diversified investment strategy.

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NexPoint Real Estate Finance (NYSE: NREF) announced the pricing of its public offering of 2,000,000 shares at $21.00 per share, expected to close around August 20, 2021. The underwriters have the option to purchase 300,000 additional shares. Proceeds will be used to repay debt and fund investments aligned with the company's strategy, including life science and self-storage preferred investments. This follows a shelf registration declared effective on March 31, 2021.

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FAQ

What is the current stock price of NexPoint Real Estate Finance (NREF)?

The current stock price of NexPoint Real Estate Finance (NREF) is $16.57 as of November 15, 2024.

What is the market cap of NexPoint Real Estate Finance (NREF)?

The market cap of NexPoint Real Estate Finance (NREF) is approximately 289.2M.

What is NexPoint Real Estate Finance, Inc. (NREF)?

NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a publicly traded real estate investment trust (REIT) that focuses on providing structured financing solutions for mid-sized multifamily, storage, and select-service extended-stay hospitality properties.

What are NREF's primary investment areas?

NREF invests in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments. It also invests in single-family rental (SFR) CMBS securitizations, multifamily structured credit risk notes (MSCR Notes), and mortgage-backed securities.

How did NREF perform financially in the most recent quarter?

For the quarter ended September 30, 2023, NREF reported a net loss of $15.4 million but maintained cash available for distribution of $10.8 million, indicating strong portfolio performance despite market challenges.

What recent initiatives has NREF undertaken?

NREF recently launched a continuous public offering of up to 16,000,000 shares of its new 9.0% Series B Cumulative Redeemable Preferred Stock, targeting gross proceeds of $400 million.

What is NREF's investment objective?

NREF aims to generate attractive, risk-adjusted returns for its stockholders over the long term by investing in various real estate sectors.

Who manages NREF's investments?

NREF's investments are managed by NexPoint Real Estate Advisors VII, L.P., which acts as the company's external manager.

Where can I find more information about NREF's financial performance?

You can find detailed financial performance reports and other updates on NREF's official website at https://nref.nexpoint.com.

What are EAD and CAD in NREF's financial reporting?

Earnings Available for Distribution (EAD) and Cash Available for Distribution (CAD) are non-GAAP financial measures used by NREF to evaluate performance and distribution capabilities. EAD adjusts GAAP net income to exclude non-cash items, while CAD adjusts EAD further for amortization and depreciation.

How can I participate in NREF's conference calls?

Details for accessing NREF's conference calls are available on the company's website under the 'Resources' section. Calls can be accessed live via phone or webcast.

What markets does NREF focus on?

NREF focuses on multifamily, single-family rental, self-storage, and life sciences sectors, primarily in the top 50 metropolitan statistical areas.

NexPoint Real Estate Finance, Inc.

NYSE:NREF

NREF Rankings

NREF Stock Data

289.16M
17.46M
7.05%
70.01%
0.74%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
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